(1) A domestic limited liability company may be the acquired entity in an interest exchange under Sections 48-3a-1031 through 48-3a-1036 by approving a plan of interest exchange. The plan must be in a record and contain: (a) the name of the acquired entity; (b) the name, jurisdiction of formation, and type of entity of the acquiring entity; (c) the manner of converting the interests in the acquired entity into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing; (d) any proposed amendments to the certificate of organization or operating agreement that are, or are proposed to be, in a record of the acquired entity; (e) the other terms and conditions of the interest exchange; and (f) any other provision required by the law of this state or the operating agreement of the acquired entity. (2) In addition to the requirements of Subsection (1), a plan of interest exchange may contain any other provision not prohibited by law. Repealed 10/1/2026
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